Product: EN590 & Jet A1
Origin: Non Russian
Shipping: FOB
Transfer port: Rotterdam
Transfer method: Vopak exchange
- EN590
Trial quantity: 100,000mt
Monthly quantity: 300,000mt
Target Price:$600
Commission: $10
Procedure:
1. Buyer sends ICPO
2. Seller sends and buyer signs the commercial invoice
3. Buyer and seller exchange Vopak barcode and manager details
4. Seller issues to buyer POP documents:
a. Unconditional Commitment to Supply.
b. Statement of Product Availability.
c. Notice of Readiness.
d. Injection Schedule.
e. Act of Transfer / Change of Ownership Documents.
f. Injection / Q&Q Report.
g. Fresh SGS Report.
h. Tank Storage Receipt (TS) with tank number, GPS coordinates, and tank location.
i. Authorization to Verify (ATV) physical verification.
j. Unconditional Dip Test Authorization (DTA)
5. Dip Test is conducted within 48 hours. Signed IMFPA is executed by all parties involved
6. With positive Q&Q test result, buyer pays for the product by MT103 within 48 hours.
7. All intermediaries are paid within 24 hours of product payment. Shipping and all Export documents are immediately transferred to buyer.
Specifications:
Product: EN590, Jet A1, D6
Origin: Non Russian
Shipping: FOB
Transfer port: Rotterdam, Houston, Singapore, Fujairah
Transfer method: Tank take over
Contract period: 12 months
Payment method: MT103/TT
- EN590
Trial quantity: 300,000mt
Monthly quantity: 400,000mt
Gross Price: Best price
Commission: $10
- Jet A1
Trial quantity: 5,000,000bbl
Monthly quantity: 5,000,000bbl
Gross Price: Best price
Commission: $3
- D6
Trial quantity: 500,000,000gal
Monthly quantity: 500,000,000gal
Gross Price: Best price
Commission: $0.03
Potential Procedure:
Contract period: 12 months
Potential Procedure:
1. Buyer issues ICPO addressed to the seller with company certificate and POF (BCL).
2. Seller Issues Commercial Invoice for the product in the tanks to be signed by the buyer.
3. Buyer signs the Commercial Invoice and sends back to Seller. The seller and intermediaries signs the IMFPA.
4. Seller issues the below documents
a. Unconditional Dip Test Authorisation
b. Statement of product availability
c. Q&Q Report
d. Tank Storage Receipt (TSR) with tank number, GPS coordinates and Tank Location.
e. Authorisation to Verify (ATV) physical verification.
f. Injection Report.
g. Certificate of Origin.
5. Buyer verifies above and conducts Dip Test into Sellers tank (At Buyers Expense).
6. Within 48 hours of successful Dip Test, Buyer extends the Sellers Tank and then moves to make full payment of the Commercial Invoice within 5 banking days.
7. After Seller receives full payment, Seller gives title to end buyer and end buyer takes over the Sellers Tank. The seller pays commission according to the signed IMFPA.
Quantity Required : MOQ
Shipping Terms : FOB
Destination Port : Rotterdam, Houston, Singapore, Fujairah, Other-Not Shown
Buyer is interested to receive quotations for the following RFQ -
Product Name: Jet Fuel A1 And Diesel En 590
Specifications :
Need FCO Quantity: 500,000 MT or 1 Million Barrels * 12 Months Contract fob Rotterdam / cif Barcelona Quantity Required : Quantity Required : 500000 Metric Ton/Metric Tons Shipping Terms
Seller's Bank Issue 2% PB of first lift able quantity plus Proof of Product (Full POP) as listed below to Buyer's
Bank by D/P (documents against payment) of SWIFT and copies to Buyer: -
- Certificate of Origin,
- Product passport (Q&Q)
- Product Statement,
- Export licence
- Registered, certified and SPA certified.
- NCNDA / IMFPA. Accredited
- Ratification and Authentication,
- Planned Ship Receipt (CVR) Goods Declaration
- Tank Ullage Report
- Bill of lading / Buyer's name
- Full Injection Report.
- Receipt of storage tanks (TSR).
- Insurance Certificate.
- Authorization to Sell and Collect (ATSC)
- Permission to Verify (ATV).
- Unconditional DTA,
- Notice of Readiness for Ship (NOR)
- Charter Party Agreement (CPA)
- Ship Q88,
- E.T.A (Estimated Time of Arrival) ship
Quantity Required : MOQ
Shipping Terms : FOB Or CIF
Destination Port : Rotterdam / Cif Barcelona, Other-Not Shown
Specifications
Buyer Requires TTT Rotterdam and TTV Fujairah
Trial Order 100000MT
200000MT per month 1 Year contract
Jet Fuel A1 75
Trial Order 1000000 bbls
2000000 bbls
Buyer Procedure
TRANSACTION WORKING PROCEDURE FOB ROTTERDAM TTT TTV
1 Buyer issues ICPO and TSA Tank Storage Agreement for seller approval
2 Seller provides commercial invoice CI for the available quantity in the sellers
storage tank
3 Buyer signs CI and returns it to the seller
4 Seller issues the following Proof of Product POP documents to the Buyer
ATSC Authority to Sell Cargo
DTA Dip Test Authorization
Product Passport Product Analysis Report
Statement of Product Availability
Commitment Letter to Supply
5 After a successful dip test Buyer takes over sellers tank or Seller injects into
buyers vesseltank
6 Buyer makes payment for the total value of the product injected into the tanks
or vessel through MTI03 TT
7 Seller issues Title ownership of the product and all exporting documents to
the Buyer
Procedure Fujairah TTV
1 Buyer issues ICPO
2 Seller issues Commercial Invoice CI buyer signs and returns it
3 Buyer provides CPA VESSEL for seller verification and acceptance
4 Seller issues the following documents to buyer
ATSC
DTA
PRODUCT PASSPORT
AVAILABILITY OF PRODUCT
5 Seller injects into buyers vessel and buyer conducts its own DIP TEST Inspection for Q Q
of the Petroleum Products injected into the vessel
6 After Buyers successful Q Q Dip test on the product buyer makes the payment for the
total value of product injected into the tanks through MT103 TT
7 Upon seller receiving the payment for the product from the buyer seller issues the Title
ownership of the product and all exporting documents of the product
8 Buyer lifts the product
9 Seller pays all intermediaries involved in the transaction
10 Signed NCNDA along with CI within 48 hours after receiving ICPO from the buyer
Buyer requests an FCO confirming procedures before ICPO is issued
